Symantec snaps up Bindview

Symantec has made yet another trip to the security supermarket, this time buying BindView for around $209 million.

While the deal is not in the league of previous efforts, it merged Veritas last year in a $13.5 billion deal, the BindView acquisition sees the security behemoth moving into security compliance software. Symantec shares closed at $22.66, while those in BindView closed at $3.50, on the Nasdaq last Friday.

“Bindview has a lead in agent-less compliance tools,” said John Thompson, president of Symantec. “Many companies need to control tens of thousands of endpoints, and it is not feasible to put agents on them. We can now offer the best of both approaches.”

Ajei Gopal, senior vice president at Symantec said his company will now be able to offer customers a complete range of products that help organizations with compliance.

“Today’s global organizations are challenged by an ever-changing security environment and by the need to meet multiple government regulations,” said Gopal.